GRSE Pays Dividend @Rs 53.22 Cr To MoD Parrikar

GRSE Pays Dividend @Rs 53.22 Cr To MoD Parrikar
GRSE, Kolkata Paid Record Dividend to the Government for the 23rd Consecutive Year
A cheque for Rs 53.22 crore towards dividend for the financial year 2015-16 was handed over to Defence Minister Manohar Parrikar by Chairman & Managing Director, Garden Reach Shipbuilders & Engineers (GRSE) Ltd., Kolkata Rear Admiral (Retd) AK Verma for the 23rd consecutive year,
GRSE, Kolkata, a Mini Ratna Defence PSU has been a profit making PSU and regularly paying dividend to the government exchequer continuously since 1993-94.
During 2015-16 fiscal, GRSE has registered an all-time high turnover of Rs 1707 crore as against
Rs. 1612 crore in the previous year.
The turnover of the company, which was Rs. 574 crore in 2007-08, has almost trebled to Rs.1707 crore in 2015-16.
GRSE has also earned its highest ever PBT of Rs. 247 crore as against Rs. 76 crore in the previous year and net profit of Rs. 161 crore as compared to Rs. 43 crore in the previous year.
The net worth of GRSE has increased to Rs. 1064 crore from Rs. 968 crore in the previous year.
Photo Caption
The Union Minister for Defence, Shri Manohar Parrikar receiving a dividend cheque of Rs.53,22,05,350 from the CMD, Garden Reach Shipbuilders & Engineers Ltd (GRSE), Kolkata, Rear Admiral (Retd.) A.K. Verma, in New Delhi on November 16, 2016.
The Secretary (Defence Production), Shri Ashok Kumar Gupta is also seen.